|  |  |  |
| --- | --- | --- |
|   |    | sales, use, excise, value added or property Taxes (other than any value added tax that is imposed in direct substitution for an income tax) or any Taxes in the nature of sales, use,
excise, value added or property Taxes (other than any value added tax that is imposed in direct substitution for an income tax);  |

  




|  |  |  |
| --- | --- | --- |
|   | (iv) | a Tax imposed with respect to the period, or an event occurring, (x) prior to the Delivery Date or (y) after the expiration or termination of the Lease (other than a termination by
exercise of remedies in accordance with Section 13.2 after the occurrence of an Event of Default), the return or purchase of the Aircraft by Lessee and the payment by Lessee of all amounts payable by it under the Lease, except, in any case, to the
extent such Tax arises from an event occurring or circumstance existing during the Term or is otherwise imposed with respect to the Term;  |

  




|  |  |  |
| --- | --- | --- |
|   | (v) | a Tax imposed on any sale, assignment, transfer or other disposition by or to a Tax Indemnitee of its interest in the Aircraft or the Lease unless such sale, assignment, transfer or
other disposition occurs (x) in order to effect the transactions or transfers contemplated on the Delivery Date, (y) by Lessee or a Lessee Affiliate required or permitted under the Lease (including as a result of an Event of Loss), or (z) in
connection with, or as a result of, the exercise of remedies in connection with an Event of Default;  |